Birla MF Propones Birla Fixed Term Plan-Series O

Birla mutual fund has announced the proponement of the closing for the new fund offer of Birla Fixed Term Plan-Series O, a close-ended income scheme, has been extended by one-day upto Friday 29 December 2006. Subscription for the new fund offer of the Birla Fixed Term Plan-Series O would be accepted till the close of business hours on Friday 29 December 2006. Accordingly, the new fund offer of Birla Fixed Term Plan-Series O is open for subscription from 26 December 2006 to 29 December 2006.
The scheme will invest upto 100% in debt securities and money market instruments. The scheme does not charge any entry load. Whereas, it charges 4% of NAV, if redeemed during first six months from the date of allotment, 3% of NAV, if redeemed after six month and before nine month from the date of allotment. 2% of NAV, if redeemed after nine months but before twelve months from the date of allotment, 1% of NAV, if redeemed after twelve month but before fifteen months from date of allotment, 0.50% of NAV, if redeemed after fifteen months but before maturity. However, no exit load is applicable on redemptions after maturity.